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The European Parliament has approved a new trade deal with the United States, a move that aims to prevent further tariff disputes. While the deal sets a 15% tariff on most goods, EU lawmakers have included backup plans in case the agreement falters, signaling a cautious approach to future trade relations.
Australia and the EU have signed an 8-year trade deal removing tariffs on most goods and critical minerals. The pact aims to reduce reliance on China's supply chain dominance, though some Australian farmers criticize limited market access. This strategic alliance strengthens economic and security ties between the two allies.
Europe is facing increased trade uncertainty following a US Supreme Court tariff ruling. While the decision signals legal stability, ongoing US tariff hikes and the potential collapse of a trade deal threaten European manufacturers, especially in the automotive sector.
